Fixed Asset Accounting

- Manage the complete fixed asset lifecycle, including asset creation, capitalization, transfers, retirements, disposals, and write-offs.
- Review and validate capital expenditure (CAPEX) requests and ensure proper accounting treatment.
- Monitor Construction-in-Progress (CIP/AUC) projects and timely settlement to fixed assets.
- Maintain fixed asset master data and ensure compliance with company policies.
- Execute and monitor depreciation runs in SAP S/4HANA.
- Analyze asset balances and perform reconciliations between sub-ledger and general ledger.

Month-End & Year-End Close

- Perform period-end closing activities related to fixed assets.
- Prepare and post journal entries related to capitalization, depreciation, impairments, and disposals.
- Reconcile fixed asset accounts and investigate unexplained variances.
- Support financial reporting requirements under IFRS, US GAAP, or local GAAP.
- Prepare asset schedules and reporting packages for management.

SAP S/4HANA Responsibilities

- Utilize SAP S/4HANA Asset Accounting (FI-AA) module for daily transactions and reporting.
- Support integration between Fixed Assets, Accounts Payable, Project Systems (PS), Controlling (CO), Materials Management (MM), and General Ledger (FI).
- Participate in SAP enhancement projects, testing, process improvements, and system upgrades.
- Assist in defining and maintaining asset classes, depreciation keys, and accounting configurations.

Compliance & Controls

- Ensure compliance with SOX and internal control requirements.
- Support internal and external audits by providing documentation and explanations.
- Conduct periodic physical asset verification and asset tagging reviews.




- Ensure adherence to capitalization policies and corporate accounting standards.

Reporting & Analysis

- Prepare monthly, quarterly, and annual fixed asset reports.
- Analyze CAPEX spend against budget and forecast.
- Provide insightful variance analysis on depreciation and asset balances.
- Partner with Finance, Procurement, Engineering, Manufacturing, and Operations teams regarding asset-related transactions.

Continuous Improvement

- Identify opportunities for process automation and standardization.
- Drive improvements in asset accounting processes within SAP S/4HANA.
- Develop and maintain process documentation and Standard Operating Procedures (SOPs).

Required Qualifications

Education

- Bachelor's Degree in Accounting, Finance, or Commerce.

Experience

- 8-10 years of progressive accounting experience, with at least 5 years in Fixed Asset Accounting.
- Experience in a product-based, manufacturing, automotive, engineering, or industrial organization preferred.
- Hands-on experience with SAP S/4HANA Asset Accounting (FI-AA).

Technical Skills

- Robust knowledge of:
- SAP S/4HANA FI-AA

- General Ledger Accounting

- CAPEX Management

- Asset Capitalization

- Depreciation Accounting

- AUC/CIP Accounting

- IFRS/US GAAP/Local GAAP
- Advanced Microsoft Excel skills.
- Experience with SAP reporting and analytics tools.

Preferred Competencies

- Strong analytical and problem-solving skills.
- Excellent stakeholder management and communication skills.
- Ability to work independently and manage multiple priorities.
- High attention to detail and commitment to accuracy.
- Continuous improvement mindset with automation focus.

📌 AnalystR (Bengaluru)
🏢 Harman International
📍 Bengaluru